Life Annuity

Ottawa Life Insurance Brokers & Agents

A life annuity provides you with a guaranteed lifetime income.

  • The insurance company is responsible for managing how the money is invested
  • The contract is non-reversible
  • The contract does not allow for access to the invested capital
  • Provides the highest guaranteed income payments for life
  • Guaranteed income payments for as long as you live
  • No risk of outliving your income
  • Additional joint and survivor option to transfer payments to your spouse/partner
  • Additional options to provide money to your beneficiary or estate when you die
  • You may pass away before receiving all of your money back
  • Adding extra options usually means a lower regular payment (such as providing payments to your spouse when you die)

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